Power Index Preferred Plus Income with Lifetime Income Plus Multiplier Flex
In the complex world of retirement planning, annuities stand out as a popular choice for those seeking steady income streams in their golden years. Amidst a crowded market, a few annuity companies have distinguished themselves through their robust financial strength, customer service excellence, and diverse product offerings.
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Power Index Preferred Plus Income annuity focusing on retirement income with choice of guaranteed living benefit riders.
Available in states:
AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
2.5%
Fixed
|
| 1-Year ML Strategic Balance PTP Participation Rate |
Point to Point
Annual
|
60%
Participation
|
| 1-Year MSCI EAFE PTP Cap |
Point to Point
Annual
|
4.25%
Cap
|
| 1-Year Russell 2000 PTP Cap |
Point to Point
Annual
|
4.25%
Cap
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
4.25%
Cap
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
20%
Participation
|
| 1-Year S&P 500 Performance Triggered |
Performance Triggered
Annual
|
3.35%
Performance triggered
|
| 1-Year Fixed Account |
Fixed
|
2.75%
Fixed
|
| 1-Year ML Strategic Balance PTP Participation Rate |
Point to Point
Annual
|
80%
Participation
|
| 1-Year MSCI EAFE PTP Cap |
Point to Point
Annual
|
5%
Cap
|
| 1-Year Russell 2000 PTP Cap |
Point to Point
Annual
|
5%
Cap
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
5%
Cap
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
22%
Participation
|
| 1-Year S&P 500 Performance Triggered |
Performance Triggered
Annual
|
4.1%
Performance triggered
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
| Penalty | 8% | 7% | 6% | 5% | 4% | 3% | 2% |
Riders
| Name | Inbuilt | Fee |
|---|---|---|
| Lifetime Income Plus Multiplier Flex | Yes | 1.00% annually |